tv Your World With Neil Cavuto FOX News February 25, 2021 1:00pm-2:00pm PST
ago, six marines raised the american flag on iwo jima. three of those men were killed in a brutal fighting that followed. we remember them all. "unknown valor" chronicles their story. thanks for being here, everybody. >> neil: all right. we're chronicling a sell-off at wall and broad. i know this sounds weird. the bad news there, the good news here in the economy. it's too good to be true. that had interest rates backing up today. the fact of the matter is, we were pelted with one good piece of economic news after another. jobless claims, 730,000. most thought that they would be 100,000 more. that we were seeing durable goods orders. goods you order ahead of time and make a commitment continuing to go higher.
the gdp was stronger than originally reported. then we got news on the virus front. that is really dramatically improving across the board. the number of cases is what is startling people because they're declining. if we go back to the chart. a lot of people now sort of like the -- i like to bring the boring stuff. this legitimizes it for me. i want to point to this. it's not sexy or riveting but what it tells you is there's a narrowing going on with what you get investing in treasuries and the rate you get on those. they're backing up. what you get is dividends on the s&p 500, a popular market average. its narrowing to the point that if we just took a look at that last year, they're touching each other. here's the big deal with that. the good news was prompting interest rates to back up. very few people saw the economy
turning to the degree it has and is. that let interest rates to go back, back, back. at the same time, we're not seeing much in the terms of dividends, what you get for buying stock in the s&p 500. that's like a constant. you always got more bang for your buck investing in stocks because interest rates were near zero. they're not near zero anymore. market rates are backing up. now all of a sudden, there's an alternative to stocks, at least for people leery of losing their money. you have the full faith of uncle sam backing up your investment. that's the fear. good news was bad news. it was an inflection point today that bears watch. now, i know i'm getting you gobblely gook and a lot of charts. sometimes they legitimize my existence here. but this was an important day because we have not seen something like this since way back in 2016.
what is going on here? why is good news bad news? do feel people that we don't need as big a stimulus package? maybe if we get one, it will be good money after bad money? maybe things are improving enough on their own that we don't need more? hard to say. this much is very easy to say. right now the news is so good that wall street wonders, is it worth taking a pass on stocks now when you can invest in things like treasury notes and bonds as get as much if not more of your money. that is the fear. that's also the hope. it's weird. i know. welcome, everybody. i'm neil cavuto. this is your money world today. i want to get right to it with ted wiseburg of seaport securities that development in interest rates is interesting. all of a sudden there's potential competition for stocks.
that prompted a good deal of this selling. is that competition legitimate to you? is that a genuine worry? i guess what i'm asking, shouldn't we worry about good news? >> you know, i -- it's a bit of a dilemma, neil. the age-old adage in wall street is don't fight the feds. the feds as recently as today and yesterday are basically telling us that they're on hold and nothing is going to change in the short term. but the complex and the puzzling issue is that the stock market market is sending a different message, which is the message that you want to pay attention to. it's a mistake to not pay attention to the market but also a mistake that not to pay attention to the fed. so this is a real dilemma. this happens to come when all the popular averages are at all-time highs so if you're a
technician here, you can probably say yes, you know, certainly the ten year is sending a nervous signal to the market about interest rates moving higher. the economy doing better has been predicted for many months. this couldn't be a surprise. and they intend not to make any changes in the near term. so we've seen interest rates moving higher. yesterday we had a terrific day in the market. today complete reversal. yesterday the market was ignoring the ten-year bond. today it's not. have we gotten to a point, which is a tipping point or what we have seen is a technical reaction from a market that has had a big dramatic move. one day sell-off, even though it's 500 points doesn't make a bear market. >> neil: you know, i want to do something here. i don't think that chart showed
it. robert, i don't know if you can see this. i'm throwing this at you right now. this is, guys, a chart that we showed for many years to i'll straight my point. i do want to point this out not to get nerdy and wonky with you, this is the yield on ten-year notes. a lot of borrowing is attached to that. what you get right now is the dividend average on the s&p 500. i know that looks like gobblely gook and probably doing a free commercial for apple. i apologize. but notice what's going on here. it's narrowing. they're closing together. in the beginning, you got more bang for your buck, keeping your money in stocks. now there's some competition. they're touching each other. this hasn't happened in a long, long time. i apologize for getting all high with you. that's bears watching.
we'll look at that more detail with gary. but before i leave you, ted, that is the million dollar question. whether this trend continues and gives people a chance to decide, all right, i have huge gains in this market. i don't want to risk it. so maybe, maybe it will slowly retreat, lock in what i've got. i guess what i'm asking, does this have staying power? the answer is as the economy improves and as we have more vaccines and less negative issues from covid, i think the knee jerk action will be quite positive for the economy and only natural that we see interest rates go higher. we have to weigh that with what the fed is saying. i suspect the markets probably telling us a better story here than perhaps the fed is. but we've learned year after
year, decade after decades. as long as the fed stays in an accommodative mode and if nothing changes, neil, at least in the very short term, yes, we're having a negative reaction in the market to the ten-year bond moving higher, but it's also coming with a market that is overbought at all-time highs. this could be nothing more than a technical pull back. keep in mind, stocks go down father than they go open. if they go down fast and sharp and hard, it could be more of a buying opportunity than a selling opportunity. >> neil: all right. thank you, ted weisburg. and now to gary here. you're used to this. i invent stuff. i'm the chief nerd here. gary is almost as nerdy as me. gary, i want to play this out more so folks can appreciate why good news could be bad news. the improving economy, the rapid
rush of vaccinations getting to market. more do reach the market, the sooner we get out of this pandemic disaster. the economy can brighten up. we've seen signs of that. a number of big retailers pointing to optimistic developments on their front. seeing things improve. costs are raising the $16 minimum wage. this is a trend that is picking up. i'm wondering how that affects stimulus in washington. that nearly $2 trillion in stimulus was meant to address a serious economic drawback. now we might not need it, right? are they at loggerheads deciding is that good or bad news? >> first off, there's nothing dull about you. the first few minutes of the show have been a master classman. a lot of people don't know that. good stuff. the stimulus is coming no matter what.
the dems have the upper hand here. we will get a big stimulus. it just more and more spending. i wish it was more direct, the things that need it. a few too much stuff that is what they call pork. but it's coming. it helps the economy. it goes towards gdp. you're seeing it in the markets right now. the markets coming down i would suggest that we've been on a sea of easy money. the market is tightening while the fed sits back and keeps printing. there's confuse there. the markets are doing the bidding. remember with interest rates go up, stocks tent to come down. they're leading down right now. a whole host of nasdaq names including big ones have broken more. so i think we may have a little bit of trend to the down side here. the best places to be will be the nerdy places right now.
the opening up trade will hold up better than most of the economy gets stronger. the worry is that as interest rate goes up, as you state, confidence for money is vital and important in the market right now. >> thanks, gary. you're so coming back after saying those nice things. thanks, gary. and i know this guy from afar originally. now we're working together. charlie gasparino. we kicked this around on fox business, which if you don't get you should demand. one of the things that came up, the good news. the bad news, if you call it that, that interest rates are back up. it's very low. you and i can remember when they were higher. the trend is gone. while it's good, we want a little inflation percolate. it's bad if it keep accelerating
and keeps offering an alternative to stocks and people thinking we don't need this stimulus out of washington. a lot of things that raises what we haven't had to think about in the better part of a generation. >> yeah, inflation and massive deficits and whether deficits will finally at some point matter. you know, we're talking about a trillion to four trillion. that is a big jump in terms of -- in terms of a deficit. pandemic-related and all the spending and you name it. >> neil: but does this raise the question -- i think there's a battle between those on wall street. they love stimulus. they love it no matter how expensive. they're all -- you're right. not all. there's others that worry. why throw good money after bad when you have signs of things looking good, right? >> nobody knows right now. that's the scary part. we're here to give answers. there's a debate in the market,
a debate that is starking to percolate up that inflation might matter. why is that debate starting to percolate? does it mean it will happen? ted might be right. a buy-in opportunity. here's why it's percolating. we have a seen. we have -- even though we had a pandemic, we had problems in the economy that were very narrow. most people were working from home and doing okay. there was a segment, a minority segment that was devastated by this. hotel, hospitality workers. there's a massive amount of stimulus being thrown at the problem, at the issue giving money to people that probably don't need it neil. on top of the fact we have seens and the pandemic looks to be almost over. it looks. who knows. that is part of it. put that together, you do have a scenario where there could be massive inflation. people are going to spend a lot of money. people are sitting on savings.
they didn't spend it. they will spend it. you have on top of that, record low interest rates and you have lots of issues involving record low interest rates. massive stock speculation. gamestop has been all over the place. back up again after slowing down to levels where it should be trading, this is a company not doing very good. almost traded at $500 a share. back to 40. now almost to 200 today. this is all the sort of stuff that goes on in one of these crazy markets. i can tell the viewer this. we don't know. we know there's a debate going on and the debate centers on inflation. there's good information -- >> neil: i want to use our technology here, charlie, to help people out. i want to show you something again -- this is a sophisticated chart. i'm drawing as we talk. this is the yield curve. the gap between short and long-term rates. it's been flat. what you get for your money for
a three-month bill or six month bill has been flat up to ten years. that is indicative of a slow-moving economy. what has been happening the last year -- i'm doing it upside-down there. tough to do, folks. it's moving up. the shorter term rates, they're staying low. that's the stuff that the federal reserve can control. the longer term rates, they're beginning to move up. the reason why i mentioned that is that the federal reserve can only control so much. put my sophisticated chart down. a quiz later on. the federal reserve can only do so much. it will keep rates near zero. it kind of needs the rest of the market to go with that. charlie, what i think has changed here, it can't control meetings or rates. 10, 20 year. the markets are sense ago pickup in activity. now we know jerome powell from
the fell resort wants to control this. he cannot do it. i'm wondering here whether the equation is changes. we've been reporting on this a long time, the uptick of activity, from food ingredients. you might see it at the store. you have a swat team that shop for you. thigh might be seeing it. it's real. it's good if it is sustained but a bad thing if that chart gets out of whack. >> yeah, we should point out the fed can control the long-term rates and has been doing it. >> neil: there's a limit. they've been committed to doing that. even in the face of that promise, the markets seem to be testing this. >> rebelling against it. we don't agree with that. so listen, it's -- there's no magic bullet here. it will be interesting to see what goes on. i think the smartest thing to do from a public policy standpoint,
if you're worried about inflation, pear back this $1.9 trillion stimulus package, directing it to needles in arms and money to people that need it, long-term out of work. like your restaurant workers, the bartender. not computer programmers that work. if they did that, that might go a long way into sort of calming the markets about inflation. this is a lot of money being thrown at a problem that could be over in a month. that is what is pricing it out. might not be over. i don't know. >> neil: we don't know. we have not seen this in the better part of five years. that's what we're watching. charlie, thank you for being here. there's one final element to this today. you'll be quizzed later. charlie, thank you. bottom line, good news to come. i don't know how i can stress that enough. i have a fancy chart update for you. the economy is good. that's a smile. the markets are bummed out and sad because the economy is good.
so they have a sad face. that is where we stand. and that is what is causing a bit of a conundrum and that could be holding up stimulus. people are saying hey, we're doing 0 okay. do we need to spend $2 trillion? wait till i throw out the next chart. stay with us. some say this is my greatest challenge ever. but i've seen centuries of this. with a companion that powers a digital world,
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any minute now. i think it's expected to drop out. the vice president, when we talked -- i mean the president expects it to drop out. we need to have a broader discussion on minimum wage. it's time to look at it. we haven't looked at it since 2007 when i voted for it then. do i think it will get to the point that you bring vice president harris to break a tie and you raise a minimum wage and go against the parliamentarian? i don't think we'll get to that point. >> neil: all right. this might go along party lines. that's what the west virginian senator says. but all this hangs on the parliamentarian. it might be obscure. but she could have enormous weigh on which way this goes and what package we're looking at. chad pergram has more. >> the house will debate and vote on the coronavirus bill tomorrow night. we don't yet know if an hourly
wage hike stays in the bill when it goes to the senate. it will be in the house version tomorrow. the senate parliamentarian must decide if the wage increase qualifies for this bill under special budget rules. >> i know we're all on pins and needles, waiting to see what she decides. >> it's all up to senate parliamentarian elizabeth mcdon know and her only. only nancy pelosi is in the dark. >> could be any moment. i don't have a phone. if you hear before i do, let me know. >> mcdonough could rule out the wage hike. that would infuriate liberals. it's always about the math. the democrats can only lose five votes and still pass the bill. neil? >> neil: thanks, chad. will it go along party lines like president trump's tax cuts
went all republicans for it, all democrats against him. we have more from the cbo under president trump. if it goes that way again, it will follow a pattern in washington on major pieces of legislation where it's one party on the other but not both. does that concern you? >> it does. makes everything that we try to do in this town to improve the lives of the american people harder. it will make the biden's administration life harder. they want to move towards another spending bill. so this is the first of many and we can't afford it right now, this is a crucial moment to see if this is party line or not. >> neil: a lot of spending under the trump administration. you were there for that.
i'm not blaming. but it's like a bipartisan binge pattern. eventually have to pay this money back, right? >> we do. under the trump administration, we were putting forth many budgets that proposed a lot of trillions in spending, savings and reform. unfortunately we dealt with a pandemic and a economic shock in which it was a bipartisan view that we needed to throw everything we could at the problem. the challenge that we have right now, we're on the way out of it. why would we spend $1.9 trillion when there's a trillion not spent? why we would have a liberal boondoggle for blue states when it's 9% covid related? we can't afford it as a country. >> neil: still to be fair, director, even before the pandemic, roughly a year ago, you guys were spending a lot of money even with the economic boon, we saw deficits worse. i'm wondering whether there's anyway the two parties can find
a way to address this systemic problem that has gripped the capitol? we're running out of capital. >> i hope there's a moment when we have a bipartisan view that spending is important to address, the deficits are important. our approach, the president's approach was to take the issues as they were most important to the country at the time. we had to get the economy going with a big tax cut. we had to rebuild the military and teal with the reality of the economic shot that we were faced with. but i think you're seeing interest rates ticking up. that will get people's attention. that has a historic way of getting people's attention in this town to focus on what we can and cannot afford and ending silly season in washington d.c. >> neil: director, i know you'll be speaking at cpac not long before president trump. we don't know what the president will be saying. but karl rove and others have recommended now might be a good time to stop relitigating the
election. do you slair that view, that this is the chance for for the president to look forward but not focus back on the campaign? >> my sense is the president is always looking forward. he wants to make sure when we have voter fraud reforms, these are not new. conservatives have been pushing for voter fraud for years. there was a commission that identified mail-in voting especially prevalent form of voter fraud. >> neil: i know that. but seems as you know, director, to say that he was cheated, he was robbed, that he won the election. do you share that view? >> neil, i think it's important that we account for the widespread lack of confidence that people have with regard to this election. it's important conversation. i'm willing to have that conversation. i think -- >> neil: you believe he was cheated, director? if the president brings that up, he was saying that he was cheated, he was robbed.
do you think donald trump was robbed? >> i understand, neil, where all of the concern is coming for across the country. the president increased his vote by 10 million voters across this country. he did better in every single state except where the states that there were significant concern. you look at why we were unable to win? it comes from the fact that you don't have a lot of time to prepare these cases in court. there was a bipartisan reluctance to look at the evidence. so looking forward is what we're trying to do. >> neil: so you don't think joe biden is the duly -- doesn't matter now. you don't think joe biden was the duly elected winter because he got more votes in the end? >> i didn't say that, neil. i said we didn't have an opportunity to really study the evidence and have it presented in courts -- >> neil: no, you personally. i'm sorry. you personally. do you think that he actually won the election as he says he has? he did and he might say again
this weekend. >> i think the president did very well in the election. i'm not willing to say one way or the other because we had significant assertions about voter fraud that i believe are very credible. we're trying to move forward to give the american people confidence. that's where we need to be moving towards. >> neil: all right. thanks very much, the former omb director under president trump. to rich edson now following a push to ear marks. respect them? i thought the republicans buried them. are they back? >> it's been a decade but appears ear marks are coming back our some call them congressionally directed funding. may be making an appearance in the house transportation bill according to peter defazio saying that ear marks will be likely part of the massive transportation bill. that is on on the of ear marks for the regular government
funding bill. many republicans say they oppose resurrecting the practice. >> it says something to the priorities of the congressional democrats. as soon as they get majorities, they want the corrupt practice of ear marks. they have contributed to out of control spending in washington, they contribute to the corruption of the washington swamp. >> ear mark supporters say by banning ear marks, congress is feeding its congressional and constitutional is suspending power to the executive branch. >> somebody has been deciding how to spend all this money the last ten years. it hasn't been the people that decided from the time of the constitution was written till about a decade ago. >> since the ear mark ban began a decade ago, the u.s. has added about $13 trillion to the national debt. neil? >> neil: incredible. the very thing it was supposed
to address. thanks, rich. we're waiting for the president. we might get some information out of him. meeting with governors talking about the vaccine roll-out picking up steam. we'll be monitoring that more after this. ♪ limu emu & doug ♪ hey limu! [ squawks ] how great is it that we get to tell everybody how liberty mutual customizes your car insurance so you only pay for what you need? i mean it... oh, sorry... [ laughter ] woops! [ laughter ] good evening! meow! nope. oh... what? i'm an emu! ah ha ha. no, buddy! buddy, it's a filter! only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪ it's either the assurance of a 165-point certification process. or it isn't. it's either testing an array of advanced safety systems. or it isn't. it's either the peace of mind of a standard unlimited mileage warranty. or it isn't.
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>> neil: the president has been meeting with the nation's governors including andrew cuomo. let's listen in. >> i've been on the front lines of covid the past year. many of us have felt that we didn't always get the federal support we needed. you reached out to us right after your election for our first meeting. we then had a second meeting
just as you took office. your promise of an ongoing functional partnership has already come to fruition. our weekly calls with jeff and his covid team are truly extraordinary. they're genuine discussions and problem-solving sessions and made real problem. mr. president, we thank you not just for your effort, but even more for the results you achieved. we understand the difficult situation you inherited upon taking office. you had a country anxious for vaccinations. when you went to the cupboard, it was all but bear. you made amazing progress securing vaccines so americans know that july is a workable timetable. certainty quells anxiety. meantime, you have secured enough vaccines to increase our state allocations by 70%.
just since you were elected. you provided the states with 100% fema reimbursements with your executive action which makes an enormous difference on the ground. finally and perhaps most importantly, after years of bobbying, you proposed did 350 billion for aid and states localities. we thank you. we stand ready to help you pass the american rescue plan and please just tell us how we can help. we also stand ready to help you pass a national infrastructure bill. real federal infrastructure investment has been promised many times before. indeed by five former administrations. some have said that we have airports that look like they're
in a third world country. they are right, mr. president. we believe you can get it done and now is the time to do it because the nation needs it. we stand ready as your partners, shovels poised to hit the ground. so governors, let's give a warm welcome to the 46th president of the united states, president joseph biden. >> thank you. >> neil: we're going to continue monitoring this. andrew cuomo bedevilled with problems over nursing home death counts and now a sex scandal with a former worker, alleged. comes at a time when the president is saying i'm getting the vaccines out as fast as i can. blake burman, there's no issue with the number of vaccines getting out there. the problem is getting into the governors and where the governors take it.
>> 66.5 million doses have been distribute add cross the country. 50 million during the biden administration. part of why you've seen the effort from the president talking about vaccines and vaccine distributions. the president said earlier today every time they get the 50 million mark, he's going to talk about it and do so publicly. the biden administration, neil, says 14.5 million doses will be going out next week and that number could increase as we await the potential news from the fda giving emergency use authorization approval for johnson & johnson's one-shot vaccine. we heard from the president a little while ago before this event, a different one. here he was on a possible third vaccine. listen. >> if the fda approves the use of this new vaccine, we have a plan rolling out as quickly as johnson & johnson can make it. we'll use every conceivable way to expand manufacturing of the
vaccine and we'll make even more rapid progress on overall vaccines. >> so neil, as you saw, the president was speaking virtually to the national governor's association. the co-head of that group we just heard from. new york's andrew cuomo. jen psaki asked today if the president will talk to the governor about his handling of nursing homes. you just saw some of that exchange there, neil. jen psaki says the president will focus instead on the pandemic. neil? >> neil: all right. thank you, blake. blake burman at the white house. the white house is making news right and left here on a number of other issues that we thought were resolved but following up on a report that blames the saudi crown prince in the killing of jamal khaishoggi. that could change our
relationship with the saudis and what punishment could be handed out if there's punishment at all. dan, we've seen to have figured the saudi crown prince was behind this. now what are we going to do with this? what are your thoughts? >> yeah, that's the question. we know that the cia concluded with a high level of confidence that mohammed bin salman, the crown prince, ordered that gruesome assassination of khaishoggi. the senate voted unanimously. they condemned the crown prince for that act. the question i think before the biden administration is how they handle saudi arabia's human right as becauses while at the same time recognizes that saudi arabia is an ally against china
and iran in the region. >> neil: so we don't want to go too far is what you're saying. they're an important business partner and instruments tall in the break throughs with the countries that recognize or want to do business with israel. how far do you go? if he was singled in the killing of a u.s. journalist and you know about it and it looks like it's true, how far do you push it? >> that's the diplomatic challenge. we want to expand the trump administration's success, the abraham accords. we want to look at saudi arabia 2030 to diversify their economy. they launched assassination hit teams in canada for a minister of interior. we have to do both. i'd like to hear from secretary state blinken what the plan is. we need to hold them accountable
but at the same time hold them close. that's a challenge but that's what the administration needs to do. >> neil: dan, very good catching up with you. sorry under these circumstances. you're right. this is like a live grenade here. who tosses it and how. dan hoffman, the former cia member and fox news contributor. more coming up. the president is fighting the supreme court to keep his tax returns private. right now new york district attorney has them. millions of pages of documents in their hands. now what? we made usaa insurance for members like martin. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way martin's family needs it with hassle-free claims, he got paid before his neighbor even got started. because doing right by our members, that's what's right.
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>> neil: all right. now the southern district of new york has all of donald trump's tax returns from roughly 2001 to 2019 in the manhattan da's hands. he's conducting a probe of the trump family business. tom dupree was kind enough to join us with what happens next. tom, what do you think? a lot to go over there. what is the procedure now? >> well, the procedure now that the district attorney has these documents that he's sought for so long, he and his team are going to plunk into them.
they're going to look into the former tax returns, probably his communications with his accountant. it appears they're focused on whether he committed tax fraud or some sort of fraud in connection with obtaining loans. it's a slow process. there's millions of pages of documents spanning a decade. as we know, the former president has an extremely complicated financial business state to say the least. >> neil: do you expect there's more opinion in a legal type of analysis that the president will get ahead of it, he knows what is in the documents. if there's anything questionable, not that there is, should he get ahead of it and say something? >> yeah, you might do that, neil. my guess is at this point, he probably would do better keeping his cards close to his chest. look, in a way, it's not like they're looking for a needle in a hay stack. they won't understand this material. it will take time to wade
through it, figure out the details of the complicated financial transactions. i don't think the president or former president would want to say hey, look at this deal. here's what i was trying to do here or here's why i made this decision. he will sit back. i suspect he will continue being on the offensive against the d.a. and what he perceives as a political nature of this investigation. i do you live he will want to get into the financial details at this point. >> neil: tom, these documents are not supposed to leak out and they do. a great -- i can't imagine around those around vance jr.'s office that are trying to get their hot hands on them. there's severe punishment for anybody that thinks of doing that, but it happens. what do you think here? >> that's right. look, these are grand jury materials. they're treated seriously and confidentially by the law. you're right. they cannot and should not be leaked. are there people that might have political motives that want to
leak them? perhaps. but they would be taking an enormous risk if they tried to score political points but unlawfully leaking the president's financial documents. if we see these documents, if they see the light of day, it will come as part of a court filing by the district attorney rather than by way of an illegal leak. >> neil: tom dupree, thank you very much. the investigation rolls on now armed with all of those millions of pages of the president's tax documents from 2011 to 2019. i told you in the beginning of the show about the red on wall street. a better picture on mars. crystal clear, 4k images coming to us from the red planet. the former astronaut says we have only just begun. after this. 've seen centuries of. with a companion that powers a digital world, traded with a touch. the gold standard, so to speak ;)
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author of "space man." space advisor, this guy is the real deal. honored to have you, thank you for joining us. these are incredible images. i cannot believe we are getting them from half a galaxy away, incredible. speak out thanks a lot for having me. it's great to be on with you and about such a great topic. yeah, a lot of this was out of the need for science and exploration to be able to get images, to look into a little bit further, to transfer information back to earth and as a result of that science and exploration need, we get a real treat of feeling like we are there for the rover, we are along for the ride because of those images, i feel. >> neil: as an astronaut yourself, you think, i wish i were there, i wish i were there right now. >> actually, yeah, it would be a wonderful place to explore, to be a part of that, this is the next best thing. the truth is, we are not able to
get there yet with people but this is a really big step, not only with the images we are seen, the science that's going to be able to take place but also exploring such an interesting area, the dried up river delta, signs of life, may be water we can use when we do send people there and also things like taking the oxygen out of the co2 in the atmosphere so we can have breathable air when we get there as well. yeah, i would love to be there but we have to take care of some other things before we can do that, neil. >> neil: you might be surprised to know that a lot of people have volunteered to put me there, so we will see what happens. we are waiting on the rover, gets around the surface there, little mini helicopter that is going to take wide aerial views, going to be able to dig up soil, that will eventually be carted off to another waiting rocket that will eventually make its way back to earth, so this is just staggering in terms of what it could mean.
we've never seen anything like it. >> now, we haven't come and it shows the advances in technology since the curiosity rover a few years ago to where we are now. not only with the images we've seen but also the science capabilities. being able to land where they did because they wanted to go to an interesting area it made it a very challenging place to land. as you said, it's a long way away so it's got to be done purely autonomously and they pulled it off. we have really come a long way. >> neil: i'm sorry to jump on you, my friend, but the united arab emirates and china, both very big entrance. in fact, the chinese are spending at a dramatically higher rate than we are. they're going to the dark side of the mood, building a lunar stage. what you make of all the competition? >> i hope it turns into
cooperation. what we found with the international space station, we worked very closely with the canadians, with the japanese, with the countries of europe and with the russians is a major partner and when you have a shared goal, all of your differences kind of fade away as you're trying to explore and that's what we found with the space station, so i hope the same as with the moon and with mars, is that it's a way countries can cooperate. i think that's one of the great advantages, the best benefit of the space program is the incidents of cooperation. particularly in the space program we have seen examples of that. >> neil: elon musk with his program is looking for volunteers, an all volunteer crews, what do you think of that? >> you asked me if i wanted to go in my answer is i would love to, but i want to come back and i think that is what people should be wanting to do.
the one-way trip, i'm not a fan of that. when i get sent into space i have travel orders from kennedy center, i was glad to see the return. >> neil: a lot of people are saying neil, you needn't return. ♪ ♪ >> jesse: hello, everyone come on jesse watters along with dana perino, greg gutfeld, juan williams and kennedy. it's 5:00 in new york city and this is "the five." the pandemic is the best thing that ever happened to joe biden. that shocking statement reportedly coming from one of the president's top advisors. according to a new book, now white house aide anita dunn says that while americans were suffering and dying from covid, and biden campaign officials all thought covid might help their chances but would never dare say